Translation
The following is an English translation of an independent assurance report prepared in Japanese and is for information
and reference purposes only. In the event of a discrepancy between the Japanese and English versions, the Japaneseversion will prevail.

September 28, 2023

Independent Assurance Report
TO:Mr. Hiroaki Oda
President and Chief Executive Officer
Fuyo General Lease Co., Ltd.
Takefumi Kawasaki
Yuji Ozawa
Engagement Partner
Ernst & Young ShinNihon LLC, Tokyo, Japan
We, Ernst & Young ShinNihon LLC, have been commissioned by Fuyo General Lease Co., Ltd (hereafter the “Company”) andhave carried out a limited assurance engagement on the Key Environmental and Social Indicators (hereafter the “Indicators”) ofthe Company and its major subsidiaries for the year ended March 31, 2023 as included in the “Environmental and Social date”
in the “Sustainability” of the Company’s website (hereafter the “WEB information”). The scope of our assurance procedures waslimited to the Indicators marked with the symbol "✓" in the WEB information.
1.

The Company’s Responsibilities
The Company is responsible for preparing the Indicators in accordance with the Company’s own criteria, which it determinedwith consideration of Japanese environmental regulations as presented in the WEB information. Greenhouse gas (GHG)
emissions are estimated using emissions factors, which are subject to scientific and estimation uncertainties given instruments
for measuring GHG emissions may vary in characteristics, in terms of functions and assumed parameters.

2.

Our Independence and Quality Control
We have met the independence requirements of the Code of Ethics for Professional Accountants issued by the International
Ethics Standards Board for Accountants, which is based on the fundamental principles of integrity, objectiveness, professional
competence and due care, confidentiality, and professional behavior.
In addition, we maintain a comprehensive quality control system, including documented policies and procedures for compliancewith ethical rules, professional standards, and applicable laws and regulations in accordance with the International Standard on
Quality Management (ISQM) 1 issued by the International Auditing and Assurance Standards Board.

3.

Our responsibilities
Our responsibility is to express a limited assurance conclusion on the Indicators included in the WEB information based on theprocedures we have performed and the evidence we have obtained.
We conducted our limited assurance engagement in accordance with the International Standard on Assurance Engagements:
Assurance Engagements Other than Audits or Reviews of Historical Financial Information - (“ISAE 3000”) (Revised), and withrespect to GHG emissions, the International Standard on Assurance Engagements: Assurance Engagements on Greenhouse Gas
Statements (“ISAE 3410”), issued by the International Auditing and Assurance Standards Board. The procedures, which we have
performed according to our professional judgment, include inquiries, document inspection, analytical procedures, reconciliation
between source documents and Indicators included in the WEB information, and the following:• Making inquiries regarding the Company’s own criteria which it determined with consideration of Japanese environmental
regulations, and evaluating the appropriateness thereof;• Inspecting relevant documents with regard to the design of the Company’s internal controls related to the Indicators includedin the WEB information, and inquiring of personnel responsible thereof at the Company visited;• Performing analytical procedures concerning the Indicators included in the WEB information at the Company visited; and• Testing, on a sample basis, underlying source information concerning the Indicators included in the WEB information andconducting relevant re-calculations at the Company visited.
The procedures performed in a limited assurance engagement are more limited in nature, timing and extent than a reasonableassurance engagement. As a result, the level of assurance obtained in a limited assurance engagement is lower than would havebeen obtained if we had performed a reasonable assurance engagement.

4.

Conclusion
Based on the procedures performed and evidence obtained, nothing has come to our attention that causes us to believe that theIndicators included in the WEB information have not been measured and reported in accordance with the Company’s own criteriathat it determined with consideration of Japanese environmental regulations.